Our debt is fuzzy money because of the low value of the US dollar in the world.
In the past the US manufactured and or grew the world’s quality products of food, cars, computers, TVs, electronics, innovation, oil and most everything else of value... giving our dollar value when we stopped the gold standard.
That backed up our Federal Reserve printed money with either gold or our exports of quality products made by state-of-the-art US technology, now we do neither.
Today we create technology that is too easily duplicated, sold off by our own multi-national corporations or stolen by other countries like China, Mexico, Asia and India that can take our technology, and using their massive population, create the real tangible wealth and value. Then we buy it back with borrowed fuzzy money.
That is why our money is so devalued on the world market today. We use to be the best manufactures, oil drillers and food growers on earth. Now were just the best borrowers.
So a better solution to the debt problem might be to start building and growing again in America and stop shipping in all our goods and services to Wal-Mart from foreign countries.
Demand "Made in America" is about the only real solution to solving the debt problem. Maybe add a 25% tax if it's not made here and use that income to pay the trillions of borrowed debt.
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